An Empirical Study of Entry and Exit with Multiple Firm Types

PSU Researcher(s)
Mark Roberts

Additional Researchers (Affiliation)
Shawn Klimek (Census Bureau)
Yi Xu (Duke University)
Timothy Dunne (Federal Reserve Bank of Atlanta)

Description
This project studies changes in market structure in the U.S. service sector, with an emphasis on the health care industries.   It uses data from the Census of Services 1977-2012 to measure the flows of establishment  entry and exit. The data is used to estimate a dynamic model of entry and exit and quantify startup costs for new entrants and scrap values for exiting establishments.